India’s equity markets are not seeing a broad rally despite strong headline indices. Market expert Ajay Bagga highlights global pressures, domestic economic concerns, and currency fluctuations. He believes the Reserve Bank of India should cut interest rates in December to stimulate growth. Stricter motor insurance compliance could help insurers, but profitability remains a challenge due to high claims and fraud.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj